This page reflects GDS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — GDS
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.00 (1.59 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$6.47
±16.0%
Days to Expiry
30
Calendar days
Total Call OI
18,855
Nearest expiry
Total Put OI
9,850
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$40.41
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$42.00
4/17/2026, 11:13:41 PM
2026-05-15
$43.00
5/15/2026, 11:16:08 PM
2026-06-18NextUpdated
$42.00
5/19/2026, 11:12:44 PM
2026-07-17
$44.00
5/19/2026, 11:12:44 PM
2026-09-18
$45.00
5/19/2026, 11:12:44 PM
2026-12-18
$45.00
5/19/2026, 11:12:44 PM
2027-01-15
$25.00
5/19/2026, 11:12:44 PM
Selected expiration: 2026-06-18 at max pain $42.00.
GDS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
22431400
22431400
18
600
19476400
19477000
20
1000
17508400
17509400
22
1400
15543000
15544400
25
3800
12598200
12602000
26
6300
11623800
11630100
27
8800
10653000
10661800
28
12100
9682200
9694300
29
18400
8714700
8733100
30
24700
7747200
7771900
31
34200
6785300
6819500
32
59700
5826900
5886600
33
94300
4873900
4968200
34
128900
3939900
4068800
35
163500
3271900
3435400
36
206900
2612000
2818900
37
252300
1964500
2216800
38
309800
1333100
1642900
39
368000
998800
1366800
40
427000
747700
1174700
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.